Securities And Exchange Board of India (Issue Of Capital And Disclosure Requirements) Regulations, 2018 Chapter VIII RIGHTS ISSUE OF INDIAN DEPOSITORY RECEIPTS
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Record date determines eligibility for IDR rights; withdrawal mandates public notice and bars rights application for twelve months. An issuer making a rights issue of IDRs must announce a record date to determine eligible shareholders. If the issuer withdraws the rights issue after ... Summary
Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
Record date determines eligibility for IDR rights; withdrawal mandates public notice and bars rights application for twelve months.
An issuer making a rights issue of IDRs must announce a record date to determine eligible shareholders. If the issuer withdraws the rights issue after announcing the record date it must notify the regulator and publish the withdrawal in specified national and regional newspapers, and is barred from applying to offer IDRs on a rights basis for twelve months from that record date.
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